Movies & Entertainment company Tips Music announced Q2FY25 results Financial Highlights: Q2FY25 Revenue Rs 80.6 crore, reflecting a YoY growth of 32%. Revenue for H1FY25 stood at Rs 154.5 crore up 36% YoY. The content cost for the quarter stood at Rs 13.8 crore compared to Rs 4.7 crore in Q2FY24, reflecting an increase of 194% compared to the previous year’s quarter. In Q2FY25 the company launched a total of 125 new songs. Out of which, 39 were New Film songs and 86 Non-Film songs. YouTube subscribers registered a growth of 21% reaching 108 million. The interim dividend for Q2FY25 stood at Rs 2 per share amounting to Rs 25.56 crore. Total payout to shareholders including dividend and buyback is Rs 97.74 crore in FY25 so far. Kumar Taurani – Chairman & Managing Director said: “I am pleased to share that the company has announced a 2nd interim dividend for the year of Rs 2 per share, in addition to interim dividend distributed and buyback conducted in Q1FY25. Our revenue for the quarter stood at Rs 80.6 crore up by 32% YoY with a PAT of Rs 48.2 crore increasing by 21% YoY. Our relentless focus is on acquiring high-quality music content.” Girish Taurani – Executive Director said: “In Q2FY25 we successfully launched 125 new songs, of which, 39 were new Film songs and 86 Non-Film songs, resulting in a diverse range of offerings that cater to a wide audience. This quarter, we released two musical short films, “Tedi Medi” and “Beinteha”, both of which have received significant appreciation from the audience. A notable release for this quarter is the song “Yaad Reh Jaati Hai” from the film “The Buckingham Murders”, sung by the renowned B Praak, along with another song released this quarter “Dua Kijiye”. Both tracks have gained popularity and continue to grow with our audiences.” Hari Nair – Chief Executive Officer said: “Our YouTube channels cumulative subscriber base has now reached 108 million, reflecting our growing influence and engagement. The market share on audio digital platforms like Spotify, Saavn etc is increasing steadily. Additionally, the new division of “Brands & Partnership” has started clocking revenues; Motorola used our track “Rangeela Re”, for launching its new set of colorful handsets.” Result PDF
Movies & Entertainment company Tips Industries announced Q1FY25 results: Q1FY25 Revenue Rs 73.9 crore, reflecting a YoY growth of 40%. The content cost for the quarter stood at Rs 12.7 crore compared to Rs 12.2 crore in Q1FY24, reflecting an increase of 4% compared to the previous year’s quarter. In Q1FY25 the company launched a total of 97 new songs. Out of which, 18 were New Film songs and 79 Non-Film songs. Crew & Ishq Vishk Rebound are two back-to-back superhit music album releases. YouTube subscribers base has now reached 104 million. In Q1FY25 YouTube views were 62.2 billion, up by 29% YoY. The interim dividend for Q1FY25 stood at Rs 2 per share amounting to Rs 25.56 crore. Total payout to shareholders including dividend and buyback is Rs 72.18 crore in FY25 so far. Kumar Taurani – Chairman & Managing Director said, “I am delighted to share with you that the Q1 FY2025 has been remarkable for us. Our revenue for the Quarter stood at Rs 73.9 Crores up by 40% YoY with a PAT of Rs 43.6 Crores increasing by 61% YoY. This demonstrates our commitment to growing and improving our business. In Q1 FY25, we released around 97 new songs out of which, 18 were new Film songs and 79 Non-Film songs. Our primary focus is always on quality music. We have successfully completed the buyback of shares amounting to Rs 46.62 crores inclusive of all taxes for non-promoter shareholders. We remain committed to returning value to our shareholders.” Girish Taurani – Executive Director said, “Last quarter, our notable releases 'Choli ke Peeche' and 'Naina' from the movie Crew each surpassed 100 million views on YouTube. Our track 'Soni Soni' from Ishq Vishk Rebound reached the top-10 on Spotify charts. Other songs from the film, including 'Ishq Vishk Pyaar Vyaar' and the revamped “Gore Gore Mukhde Pe” by Badshah, have also been well received, reflecting our dedication to delivering engaging music content. Hari Nair – Chief Executive Officer said, “Our music is experiencing solid growth across all digital platforms, with YouTube, Spotify, and Jio Saavn being key drivers for both new releases and our catalogue.” Result PDF
Movies and Entertainment company Tips Industries announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Quarterly Revenue Growth: TIPS Industries reported revenues of Rs 63.3 crore in Q4FY24, marking a YoY increase of 22%. Quarterly Operating EBITDA: Registered at Rs 30.2 crore in Q4FY24, with a growth of 14% over the same quarter the previous year. Quarterly Profit After Tax (PAT): Recorded a significant rise of 41%, amounting to Rs 25.8 crore for Q4 FY24. FY24 Financial Highlights: Annual Revenue Growth: For Fiscal Year FY24, revenue stood at Rs 241.6 crore, up by 29% compared to the previous fiscal year. Annual Operating EBITDA: The company saw an increase of 55%, with a figure of Rs 158.5 crore for FY24. Annual Profit After Tax (PAT): TIPS Industries saw an impressive increase of 66% in PAT, totaling Rs 127.2 crore for FY24. Content Costs and Releases: - The content cost for Q4FY24 was Rs 23.9 crore, and Rs 55.6 crore for the full fiscal year. - TIPS released 179 new songs in the fourth quarter, with 123 being film songs and 56 non-film songs. Dividends and Share Buyback: - The company announced a dividend of Rs 6 per share for FY24, with a payout ratio standing at 60.6%. - A share buyback program at Rs 625 per share was also initiated, with no participation from the promoters. Commenting on the Results, Kumar Taurani – Chairman & Managing Director said, “I am pleased to announce that the year 2023-24 marked substantial growth for us, with revenues soaring by 29% YoY to Rs 242 crore. Profits witnessed a remarkable surge, jumping by 66% YoY to Rs 127 crore, a testament to our strategic initiatives and operational efficiency. In Q4FY24, we released 179 new songs, comprising 123 Film and 56 Non-Film songs, underscoring our commitment to diverse and engaging content. Notably, "Choli ke Peeche", "Naina", and "Ghagra" from Crew emerged as Top 10 Trending songs across major platforms, reflecting our ability to resonate with audiences. Our song "Dil Laga Liya" from the film "Dil Hai Tumhara" surpassed 1 billion views on YouTube, a significant achievement that underscores the enduring popularity of our catalog music. Our focus remains steadfast on selectively acquiring quality music rights, reflecting our commitment to delivering exceptional content experiences. Looking ahead to FY25, we anticipate a potential increase in content investment, contingent upon factors such as the availability of quality music and the release calendar of films. In our commitment to enhance shareholder value, during the year we distributed a total dividend of Rs 6 per share and the Board of Directors also announced a buyback of shares at Rs 625 per share, in which the promoters have decided to abstain from participating." Result PDF
Conference Call with Tips Industries Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.